Latest update: 08/09/2010
Retirement: a battle of wills
Teachers, transport workers and other civil servants are all striking this Tuesday over plans that could see them gainfully employed until they are 62, two years longer than the current laws allow. It's all part of a plan to reign in the government pension deficit. While some recognize the need for reform, there are very different views on how to deal with the debt.
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a very important detail
Olivier FERRAND explains the situation with retirement very well. Most people in the United States, where I live, do not understand that there are two requirements for retirement in France. First, there is the age. Then there is the requirement that you work 40 years. That is not understood and has not been adequately communicated. The number of years, measured in three-month quarters, is significantly less in the United States to collect Social Security even though the age is higher. Mr. Ferrand makes a very good point.